Private equity magnate Lynn Tilton and the U.S. Securities and Exchange Commission will finally face off Monday over claims Tilton and her firm overcharged investors by more than $200 million, and both sides are preparing for a fight befitting what could be the largest case ever heard by an SEC judge as Tilton raises a host of new claims the agency acted improperly.
AT&T Inc. unveiled an $85.4 billion cash-and-stock takeover of Time Warner Inc. late Saturday, confirming a swirl of media reports over the weekend that the pair were putting the finishing touches on the year’s largest megadeal.
New York Gov. Andrew Cuomo on Friday signed a bill outlawing the advertising of short-term rentals on sharing economy websites such as Airbnb, prompting the company to file a lawsuit challenging the law in New York federal court.
SunEdison creditors on Thursday sued the energy giant’s bank lenders and other financiers in New York to recover at least $200 million they allege was used to mask the company’s deteriorating finances and improprieties months before filing for bankruptcy.
The Manhattan District Attorney’s Office has agreed to allow the star cooperating witness in the Dewey & LeBoeuf LLP criminal trial to drop his guilty plea to grand larceny and cop to a lesser charge ahead of the coming retrial of the firm’s former executive director and chief financial officer.
Republican presidential candidate Donald Trump on Thursday asked the federal judge overseeing the Trump University false ad trial to bar any evidence related to his presidential campaign, including tweets, allegations of misconduct and inflammatory statements about the judge himself.
Moody's Corp. disclosed on Friday that the U.S. Department of Justice is preparing to sue the ratings agency under the Financial Institutions Reform, Recovery and Enforcement Act for its assessment of derivatives whose failure caused the financial crisis.
By Ed Beeson